IOC, BPCL, HPCL up after diesel price hike

Diesel prices were hiked by Rs 1.02 per litre on Friday. This is the fourth increase in rates this year.

State-owned oil firms, which had been mandated in January to raise prices by up to 50 paisa per litre every month till entire losses on the fuel are wiped out, skipped raising rates in April to avoid troubles for the government during the second half of Budget session of Parliament.

The increase comes to Rs 1.02 per litre in Delhi where the fuel will now cost Rs 49.69 a litre compared to Rs 48.67 previously, Indian Oil Corp , the nation's largest fuel retailer, said in a press statement.

In Mumbai, diesel will cost Rs 1.12 more at Rs 56.04 a litre, while in Kolkata it will cost Rs 53.97 per litre from tomorrow as compared to Rs 52.91 at present. In Chennai, the price has been raised by Rs 1.10 to Rs 52.92.

At 11:41 hrs Indian Oil Corporation was quoting at Rs 307, up Rs 1.45, or 0.47 percent. It has touched an intraday high of Rs 312.60 and an intraday low of Rs 306.50. It was trading with volumes of 18,995 shares

Bharat Petroleum Corporation was quoting at Rs 418, up Rs 3.20, or 0.77 percent. It has touched an intraday high of Rs 422.50 and an intraday low of Rs 415.30. It was trading with volumes of 12,979 shares

Hindustan Petroleum Corporation was quoting at Rs 314.30, up Rs 1.45, or 0.46 percent. It has touched an intraday high of Rs 318.70 and an intraday low of Rs 313.30. It was trading with volumes of 13,295 shares